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The UK government was happy to allow Richard's extradition to proceed, just like they have with others similarly accused of conduct in Britain, committed without ever setting foot in the US.

The Government is using a rotten law which was designed to bring fugitive offenders back to the place where a crime was committed, not for outsourcing our criminal justice system to another jurisdiction.

I feel very sorry for those people and their families who have not been as lucky as ours and who are still suffering under this rotten extradition law.

Richard O'Dwyer's deal with the US is "a first" in extradition cases, his lawyer has said.

Under the agreement, O'Dwyer must pay US authorities £20,000 and not break any US laws, "associate only with law abiding people" and work regularly in a lawful occupation.

So far as we know this is a first in extradition cases - and a sensible solution for UK defendants faced with an ever-growing extra-territorial reach of US prosecutions.

I expect this mechanism will be used by UK defendants in future US extradition cases now the precedent has been established and at least until the Government introduces the promised forum amendment into the Extradition Act 2003.

Richard O'Dwyer is very happy to put this behind him. He has avoided extradition and will avoid a conviction.

The solution reached is pragmatic and allows Richard to finish his final year at university and get on with his studies at a crucial time in his life. We are grateful that the US recognised it was in everyone's interests to find a practical solution.